The danger of a Republican bailout of Obamacare is mounting with every passing day. Moderate Republicans calling themselves the Problem Solvers Caucus are quietly negotiating with Democratic leaders Nancy Pelosi and Chuck Schumer to throw a multibillion-dollar lifeline to the Obamacare insurance exchanges. This bailout, of course, would be an epic betrayal by the Republican Party, which has promised to repeal and replace the financially crumbling health law. Obamacare's apologists object to the term "bailout" for this rescue package. The left prefers the euphemism "stabilizing the insurance market." They claim this is merely a payment to low-income families to help...

A week after an attempt to repeal the Affordable Care Act failed, Senate Majority Leader Mitch McConnell says he’d consider a bipartisan effort to continue payments to insurers to avert a costly rattling of health insurance markets. McConnell told reporters Saturday there is “still a chance” the Senate could revive the measure to repeal and replace “Obamacare,” but he acknowledged the window for that is rapidly closing. The Kentucky senator noted Republican Sen. Lamar Alexander of Tennessee is working on “some kind of bipartisan approach” that would involve subsidies for insurance companies. Alexander recently said he will work with the...

President Donald Trump on Saturday threatened to end “bailouts” for members of Congress and insurance companies if lawmakers don't pass a new health care bill in the near future. “If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon,” Trump tweeted. Sen. Chris Murphy (D-CT) said Trump’s warning is a “clear threat” to take away health care from members of Congress and their staff. Murphy then asserted that the president does have the “power to cut off health care for leg branch employees & crater exchanges.” He...

The very premise of Obamacare was flawed, and in fact, it was never even designed to work for an extended period of time. But now that Congress has failed to do away with it, the president is going “Full-Tilt” in his plans to make the “No” voters pay. On Saturday, he Tweeted: If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon! At first, it may just seem reactionary, but this is a major threat that will hit the Democrats right where it hurts: in the demographics!...

The California state Assembly passed a $3-billion subsidy program for electric vehicles, dwarfing the existing program. The bill is now in the state Senate. If passed, it will head to Governor Jerry Brown, who has not yet indicated if he’d sign what is ostensibly an effort to put EV sales into high gear, but below the surface appears to be a Tesla bailout. Tesla will soon hit the limit of the federal tax rebates, which are good for the first 200,000 EVs sold in the US per manufacturer beginning in December 2009 (IRS explanation). In the second quarter after the...

.......almost every lawmaker blasted Former Treasury Secy Hank Paulson's $700B bailout as a deception and ultimate bait-and-switch ruse. "It was masterful deceit," said Rep. Marcy Kaptur (D-Ohio), hammering Paulson for his initial pleas to Congress a year ago to buy toxic assets.....that went to prop up banks and financial firms......Paulson's payoff to his Wall Street "pals," said one lawmaker. "You misled Congress," said Rep Stephen Lynch (D-Mass). Paulson, he said, concealed his ultimate motive....to give $700B to his pals.'" "You asked us, and not very tactfully, for a blank check," said Rep Mark Souder (R-Ind). ".......if we had known you...

New York Senator Charles Schumer was instrumental in getting Bharara appointed to that position and in return was asked from time to time to do favors for the senator and his allies. Up until recently, President Trump had no idea what was really going on. Once President Trump’s staff understood the quid pro quo, they had no choice but to ask for Bharara’s resignation. In 2015, Puerto Rico defaulted on $70 billion in municipal bonds. Those involved panicked. There was ample evidence that the issuing agencies were technically bankrupt when they issued the bonds and that they purchased fraudulent credit...

In 2012, Mezvinski, the husband of Chelsea Clinton, created a $325 million basket of offshore funds under the Eaglevale Partners banner through a special arrangement with investment bank Goldman Sachs. The funds have lost tens of millions of dollars predicting that bailouts of the Greek banking system would pump up the value of the country’s distressed bonds. One fund, exclusively dedicated to Greek debt, suffered near-total losses. Clinton stepped down as secretary of state in 2013 to run for president. But newly released emails from 2012 show that she and Clinton Foundation consultant, Sidney Blumenthal, shared classified information about how...

Financial expert Lior Gantz says there is good news and bad news for the economy with the election of Donald Trump. Gantz explains, “If he changes the equation, it could cause a lot of inflation in the U.S. U.S. banks are so liquid and have so much excess cash because of TARP programs and QE programs that this could prompt them to start lending, and lend to the wrong people. It could prompt the government to start issuing increased food stamps, universal unemployment checks and all kinds of stuff that can create large inflation in the U.S. So, that is...

One particularly tough and indigestible nugget of talk-radio stupidity afflicting the guts of conservatism is the idea that there is some sort of fundamental difference between bribing a business with tax cuts and bribing it with a wheelbarrow full of cash. The Trump-Pence bailout of Carrier’s operations in Indiana provides an illustrative case... Republicans might have had a little bit of a point in the question of general tax cuts: A tax cut and spending are different things, even if the budgetary effects are exactly the same. But in the matter of industry-specific or firm-specific tax benefits of the sort...

Republicans have a problem. Their plan to repeal and replace Obamacare wonâ€™t work unless they repeal first because Democrats will not be motivated to work on a replacement. However, since Republicans donâ€™t have a replacement bill ready, it could be some time before a replacement, especially one that requires Democratic support, is in place. The current plan to solve this problem is being called repeal and delay, i.e. repeal Obamacare but phase it out over several years so Congress can work on the replacement.As Ed highlighted earlier today, repeal and delay has a big problem. Specifically, once the GOP...

Another victory: Student loan reform From:info@barackobama.com To: john.podesta@gmail.com Date: 2010-03-30 18:49 Subject: Another victory: Student loan reform John -- In Spring 2007, on a conference call with students, then-Senator Barack Obama called for major reform to federal student loans: "We shouldn't be providing billions in taxpayer-funded giveaways to private banks. We should be providing an affordable, accessible college education to every American." This morning, President Obama signed those historic reforms into law. Dr. Jill Biden, an educator for 29 years, just recorded a short video explaining what these groundbreaking reforms mean for education in America. Click here to watch: http://my.barackobama.com/StudentLoanReform5...

I have found evidence that may explain the intense interest of Rep. Jan Schakowsky (D-IL) in bailing out ShoreBank, the “community development” bank that has received extraordinary assistance from her and several other “friends in high places.” The New York Times confirms that Rep. Schakowsky played a leading role in the ShoreBank bailout. Yet ShoreBank is not based in Rep. Schakowsky’s congressional district, and she did not help the Bank of Lincolnwood–which is in her district, and failed in 2009–or Park National Bank, which was also active in community development in Chicago until it was closed by federal regulators last...

Hedge fund manager Marc Mezvinsky had friends in high places when he bet big on a Greek economic recovery, but even the keen interest of his mother-in-law, then-Secretary of State Hillary Clinton, wasn't enough to spare him and his investors from financial tragedy. In 2012, Mezvinski, the husband of Chelsea Clinton, created a $325 million basket of offshore funds under the Eaglevale Partners banner through a special arrangement with investment bank Goldman Sachs. The funds have lost tens of millions of dollars predicting that bailouts of the Greek banking system would pump up the value of the country’s distressed bonds....

Deutsche Bank can only be saved by the German government, strategist says Matt Clinch | @mattclinch81 Only a substantial intervention by the German government can stop the collapse of the country's largest lender, Deutsche Bank, according to Stefan Müller, the CEO of Frankfurt-based boutique research company DGAW. "Deutsche Bank doesn't realize that something serious needs to happen," he told CNBC via telephone on Thursday morning. "(CEO John) Cryan clearly showed that he has no idea how to survive." The embattled German lender saw a respite on Wednesday from hefty selling seen in previous sessions amid contradictory reports on whether the...

Friday afternoons are the Obama administration’s preferred time to release information it doesn’t want the public to see. Case in point: On Sept. 9, the Department of Health and Human Services (HHS) quietly released a memo indicating its intention to bail out the health insurance companies participating in the Affordable Care Act. Congress — and the American people — should pay attention. Such a bailout is one of the administration’s top goals between now and Dec. 31. But spending billions of taxpayer dollars would only prop up a failing law that continues to harm the people it was supposed to...

"Clinton sought secret info on EU bailout plans as son-in-law's doomed hedge fund gambled on Greece" Hedge fund manager Marc Mezvinsky had friends in high places when he bet big on a Greek economic recovery, but even the keen interest of his mother-in-law, then-Secretary of State Hillary Clinton, wasn't enough to spare him and his investors from financial tragedy. In 2012, Mezvinski, the husband of Chelsea Clinton, created a $325 million basket of offshore funds under the Eaglevale Partners banner through a special arrangement with investment bank Goldman Sachs. The funds have lost tens of millions of dollars predicting that...

For “progressives,” the Nanny State never does enough. They always find new social problems and “unmet needs” that, in their view, can only be addressed by further expansion of government. In that vein, we now have a proposal to take the free school lunch program in schools to next level – college. Since the federal government feeds students in K-12 schools via the National School Lunch Program, it should similarly feed college students who are “food insecure,” argues a new policy brief published by the Wisconsin HOPE Lab. According to authors Sara Goldrick-Rab, Katharine Broton, and Emily Brunjes Colo, the...

(Brandon Garabrant is seen in his military uniform in Greenfield, N.H., before he was killed in the line of duty, June 20, 2014, in Afghanistan. When Garabrant graduated from high school he wanted to wear his Marine uniform but school officials said policy bans uniforms and requires graduates to wear blue caps and gowns. A new state law passed this year now allows high school graduates to wear their military uniforms if they have completed basic training.) CONCORD, N.H. — Can the cap and gown worn by high school graduates coexist peacefully with military uniforms worn by classmates destined...

House Republicans are priming the pump for the next president to overhaul much of the financial regulation enacted in the aftermath of the 2008 global market downturn. The GOP plan would repeal and replace most of the Dodd-Frank financial overhaul with a more market-based regulatory scheme. As part of the GOP’s “A Better Way Agenda,” House Financial Services Chairman Jeb Hensarling, R-Texas, was scheduled to unveil details of the simpler, yet stricter, regulation Tuesday morning at the Economic Club of New York. “In a phrase,” he said, summarizing the Republican plan in prepared remarks obtained by The Daily Signal, “we...